June 29, 2022

Global Wearable Medical Devices Market Overview to 2027 – By Device Type, Product, Application, Distribution Channel and Region

DUBLIN, May 24, 2022 /PRNewswire/ — The report “Wearable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global wearable medical device market has reached a value of US$18.96 billion in 2021. Looking ahead, the publisher expects the market to reach US$60.55 billion by 2027, posting a CAGR of 22.2% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.

Wearable medical devices refer to various instruments that are non-invasively attached to the body to monitor the patient’s health. It includes multiple diagnostic devices, such as vital signs, glucose, sleep, fetal, obstetric, and neuromonitoring devices, as well as numerous therapeutic devices for pain management, rehabilitation, and respiratory therapy.

These devices consist of biosensors, controllers, power sources and software systems for data acquisition, interpretation, transfer and storage. They can be worn as an accessory, incorporated into clothing, or used as an implant. They are used regularly to accurately measure patient vital statistics and predict epileptic seizures and heart problems, which can further help improve comfort and provide timely clinical interventions to the patient.

The significant growth in healthcare infrastructure, along with the increasing prevalence of chronic medical conditions, represents one of the key factors creating a positive outlook for the growth of the market. Additionally, as the coronavirus disease (COVID-19) pandemic continues to spread across the world, there has been a significant increase in demand for wearable medical devices in healthcare facilities.

These devices have immense applicability for monitoring, feedback, rehabilitation, disease management, and suggesting proper treatment. This, in turn, helps individuals to regularly monitor their health issues and address them in a timely manner.

Moreover, various technological advancements, such as the development of smart watches, patches, and smart wearables integrated with the Internet of Things (IoT), act as other growth factors. These technologies ensure accurate storage and monitoring of patient information, both onsite and remotely. Other factors including increasing geriatric population, as well as rising consumer spending abilities on health management technologies are expected to further drive the market.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the major players being Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc. (Google LLC), Garmin Ltd., Honeywell International Inc., Koninklijke Philips NV, Medtronic Plc , Omron Corporation and Vital Connect Inc.

Key questions answered by this report
1. What will be the outlook for the global wearable medical devices market during the forecast period (2022-2027)?
2. What are driving the global wearable medical device market?
3. What are the major trends in the global wearable medical device market?
4. What is the impact of COVID-19 on the global wearable medical device market?
5. What is the global wearable medical device market split by device type?
6. What is the global wearable medical device market split by product?
7. What is the global wearable medical device market split by application?
8. What is the global wearable medical device market split by distribution channel?
9. What are the major regions of the global wearable medical devices market?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Wearable Medical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Device Type
6.1 Diagnostic devices
6.1.1 Market trends
6.1.2 Main types
6.1.2.1 Vital signs monitoring devices
6.1.2.2 Sleep monitoring devices
6.1.2.3 Electrocardiographs and obstetric devices
6.1.2.4 Neuromonitoring devices
6.1.3 Market Forecast
6.2 Therapeutic devices
6.2.1 Market trends
6.2.2 Main types
6.2.2.1 Pain management devices
6.2.2.2 Insulin Delivery Devices
6.2.2.3 Rehabilitation devices
6.2.2.4 Respiratory therapy devices
6.2.3 Market Forecast

7 Market Breakdown by Product
7.1 Activity Monitors
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Connected watches
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Fixes
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Smart clothes
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Hearing aids
7.5.1 Market trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market trends
7.6.2 Market Forecast

8 Market Breakdown by Application
8.1 Sports and fitness
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Remote Patient Monitoring
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Home care
8.3.1 Market trends
8.3.2 Market Forecast

9 Market Breakdown by Distribution Channel
9.1 Offline
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Online
9.2.1 Market trends
9.2.2 Market Forecast

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive Landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Abbott Laboratories
15.3.1.1 Company Overview
15.3.1.2 Product portfolio
15.3.1.3 Finance
15.3.1.4 SWOT Analysis
15.3.2 Apple Inc.
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.2.4 SWOT Analysis
15.3.3 Dexcom Inc.
15.3.3.1 Company overview
15.3.3.2 Product Portfolio
15.3.3.3 Finance
15.3.3.4 SWOT Analysis
15.3.4 Fitbit Inc. (Google LLC)
15.3.4.1 Company overview
15.3.4.2 Product portfolio
15.3.4.3 Finance
15.3.5 Garmin Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product portfolio
15.3.5.3 Finance
15.3.5.4 SWOT Analysis
15.3.6 Honeywell International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Finance
15.3.6.4 SWOT Analysis
15.3.7 Koninklijke Philips NV
15.3.7.1 Company Overview
15.3.7.2 Product portfolio
15.3.7.3 Finance
15.3.7.4 SWOT Analysis
15.3.8 Medtronic plc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Finance
15.3.8.4 SWOT Analysis
15.3.9 Omron Company
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Finance
15.3.9.4 SWOT Analysis
15.3.10 Vital Connect Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/hwmgip

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